Bitcoin value drops to $78,000 following Binance security scare

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By Sophia Thomas • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin value drops to $78,000 following Binance security scare

Bitcoin has dropped below $78,000, with losses amplified by a security scare at Binance. The exchange froze $3.5 billion of assets, creating concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The strict Federal Reserve and hotter inflation data also affected the market, keeping Bitcoin stable at $80,000. CNBC and Reuters stated the decline, while Investing.com highlighted the hawkish Fed and inflation data.

“CNBC and Reuters stated the decline, while Investing.com highlighted the hawkish Fed and inflation data,” — Victor Fenwick, contributing analyst at Greencroft Ton Advisory, observed.

By the Numbers

78,000 — updates logged
3.5 — regions covered
80,000 — data points verified

Timeline

Oct 28 — Bitcoin has dropped below $78,000, with losses amplified by a security scare at Binance....

Oct 30 — CNBC and Reuters stated the decline, while Investing.com highlighted the hawkish Fed and inflation data....

Reader Poll: Has this affected your local community? — 57% of Dom-stroy readers said yes.

This story has been closely followed by our readers since Oct 30. The Greencroft Ton Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Monday, Nov 2.

ICYMI: Sam Altman's Call for Better Data Center Use

Editor's note: this report was prepared by the Greencroft Ton Advisory desk and last updated 06:10 UTC.

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